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. remember during the ldc debt crisis in the '80s with citi. citi was one of the first banks in china. the question is, can you turn that into a real stable and profitable franchise? every other quarter we've had noise in their earnings and balance sheet and i think as an analyst i've always wanted to see them make this business run a little bit quieter, if you will. even the write-off of smith barney, that's an ugly thing because it says they didn't make money on that business and in order to sell it, they had to take a loss. >> you know, jim cramer is on the phone, too. jim, i saw what you tweeted about pandit leaving after a terrific quarter which is worrisome. how should we read this? >> i'm listening to mr. whalen and all well and good, you know, pandit finally got it right. this was an absolutely terrific quarter, there was so much that was good here, international was absolutely terrific, you had very good net interest margin. you know, i got to be really blunt about this. i don't know what the heck is going on here. havens i've known since when i did a ton of business with mor
survey a first on cnbc interview. later citi earnings released at the top of the hour. we'll talk about the big banks and future of the financials with our guest jim reynolds of loop capital markets. the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. betw
be the first two day weather related closure since 1988. new york city is very, very quiet even for 6:00 in the morning. they shut down the transit system last night. people have been heeding that. and a lot of evacuations again in the low lying areas, this so-called zone a where we are. but the worry is that the storm surge if it is as forecast, which will be worse than hurricane irene last year, could create some serious problems in terms of getting in to the subway system, in terms of getting into the con ed steam lines and potentially the electrical system. and so even if the wind doesn't blow out power, there could be pry empty differen preemptive power outages. so that's one of the many reasons that they decided to hunger down with all the financial markets. stay home, there's money to be made later and we'll just deal with it. for now just a little bit of a breeze blowing here. that is clearly supposed to chan change. >> where do you go later? >> you have to find a pole, right? you know that that's -- every guy out in a strong breeze, you've seen -- you've got to find a pole ar
's going down today and i'm going to be on the first thing smoking out of new york city. >> reporter: now, port authority says the airport is still officially closed and we spoke to delta this morning, they say they are not flying any airplanes in or out of the airport today. they're working on whether or not they can service laguardia tomorrow. they're going to figure it out and as soon as they know, we'll bring it to you. but once the airport does open, remember, there are 7,000 employees that work here at laguardia, getting them to and from the airport without public transportation in new york city is also going to be a challenge. back to you. >> courtney, i think that passenger may have been a little overly optimistic. you know, another thing we've been talking about is the marathon. it's still set to go. are you still running? >> reporter: it is. it's still set to go, i was on a media call the other day, they said as far as they can tell, it's set to be run on sunday. the route also appears to be intact. there are some events associated with a marathon beforehand that are going to ha
in just two minutes. >>> get an update on the situation in new york city, and this is a first time we've spoke on it scott, isn't it? i wasn't worried about you, i knew you'd be okay but good to see you, scott cohn joining us with the latest. >> reporter: yes, it was touch and go there for a little while, joe. 12 hours ago from this location, battery park in manhattan, we were, i'm not xnlg raexaggerati running for our lives from the storm surge. if the top steps it would be nine feet. it got to around 13 feet and the water came up very, very fast and when the storm surge came up that meant the flooding would begin, subways flooded, there's a lot of other underground flooding, the brooklyn battery tunnel not far from here was end to end with water. as the city tries to battle back now, that's what they'll be dealing with getting the water out of here, the tide has gone down, another high tide a little over an hour from now not as harrowing as yesterday. look at some of the images from last night, national guard troops going down broadway, trying to get underground fires under control,
on the dow and nasdaq. >>> a day after citi's management shake-up. joining us now is jeffrey harte. and jeff, we've got to get to a couple of things. let's talk bank of america first, but then we've got to talk about the drama in the board room over at citi. you look at these numbers. it's flat across the board. is that a good thing, a bad thing? >> i mean, the results themselves are actually a good thing. in an unusual kind of event, first call left all the items in this quarter. so the 7-cent loss consensus number was kind of consistent with the gaap number. if you back out a couple of pennies of securities gains, i'm getting a couple cent loss, so the loss was better than we were expecting it to be. you back out the items, they were profitable. but i think the results were pretty good. what will cause people to pause a bit again is the mortgage reps and warranties. the requests they have, increased by what looks like 12% sequentially. not as big as the 40% sequential increase we saw last quarter, but that's, i think, going to kind of be back in people's faces again. and secondarily, on th
at citigroup. yesterday he set up interim reporting lines for his executive ranks and one of the first major hedge funds to try to 3r0profit from a rebound by before i get to that, i never know when we're -- let me just mention corbat. great quote. citi's new ceo mike corbat appears promising despite his harvard education. >> that was the op-ed? >> yeah. the first -- >> in their actual editorial. >> between the idea that president obama is the fossil fuel president, the one who has greased the wheels for the fossil fuel industry, wink wink. >> and the phil gramm piece and the letter to the editor from schumer. >> it has everything. yeah, i liked the phil gramm piece, that in previous election, we've never had people that have gotten to depend on the government so much. food stamp number up 65% in this presidency. no other president -- 25% increases. >> do you think this was the worst town tudownturn we've see? >> we've had they will before, but -- >> they weren't around for the great depression. >> but where was i. okay. so one of the first major hedge funds that try to profit from a rebound
about the fresh money coming in for the romney campaign. all that plus states and cities turning to gambling to make up budget shortfalls. we'll bring you a new casino opening up in the battleground state of ohio. first let's get you up to speed on the other top stories. andrew, welcome back. >> good morning. it was decision 2012 in venezuela this weekend. hugo chavez has been reelected. he beat out by a 54-45 margin. in 2006, he won by 27 points. swreker to gives chavez a fresh endorsement of his socialist asian world bank saying brace for slower growth. lowest pace of growth since 2001. and that's predominantly due to the region's exposure to china. and finally, a u.s. congressional committee set to recommend blocking china's big telecom equipment maker from expanding in american markets. leaked report says that there are security risks. >> codo we trust the chinese? >> if you were looking there, i would find another vendor if you care about your indiatakellectu property and the national security of the united states of america. >> that report was something. the full report set
Search Results 0 to 7 of about 8

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